3,915 Shares in Mastercard Incorporated $MA Purchased by Hansen & Associates Financial Group Inc.

Key Points

• Hansen & Associates Financial Group Inc. purchased 3,915 shares of Mastercard valued at approximately $2.15 million, making it 1.2% of their total holdings.
• Several institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, have recently increased their stakes in Mastercard, reflecting strong institutional interest.
• Mastercard recently announced a quarterly dividend of $0.76 per share, representing an annual yield of 0.5%, and has a payout ratio of 20.50%.

Hansen & Associates Financial Group Inc. purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,915 shares of the credit services provider's stock, valued at approximately $2,155,000. Mastercard comprises approximately 1.2% of Hansen & Associates Financial Group Inc.'s holdings, making the stock its 9th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD boosted its holdings in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Mastercard in the 1st quarter valued at approximately $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company lifted their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $630.89.

Mastercard Trading Up 0.5%

Shares of Mastercard stock opened at $568.04 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $513.51 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.32 and a beta of 0.99. The business has a 50 day moving average price of $579.27 and a 200 day moving average price of $560.85.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company's quarterly revenue was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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